Re/Max 1st Advantage Facilitates $1.02M Sale Of Multifamily Property In Jersey City
431 Bramhall Avenue
$1,021,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 29, 2024
AI
431 Bramhall Avenue in Jersey City is a multifamily property that was recently sold for $1,021,000. The transaction was facilitated by Lisa Campbell of Re/Max 1st Advantage, who represented the buyer, and Christopher Piechocki and Yuzhi Duan of Keller Williams City Life Jersey City Realty, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,021,000
- Address: 431 Bramhall Avenue
- Market: Jersey City
Lisa Campbell of Re/Max 1st Advantage played a crucial role as the buyer's representative in this deal, working diligently to ensure a successful transaction. On the other side, Christopher Piechocki and Yuzhi Duan, from Keller Williams City Life Jersey City Realty, represented the seller and effectively negotiated the terms of the sale.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.54%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93